Chinese leading search engine
Baidu and Carmel Ventures
have made a joint investment to the tune of $5 million
dollars in music education technology software, Tonara.
The company currently has two apps available to consumers.
Tonara, a digital sheet music platform for
musicians that follows along with live music, turning
pages when applicable, and Wolfie, an app for teachers
and students that was launched in 2014. The $5 million
co-investment, a handsome sum in the music education world,
will accelerate Tonara’s growth, especially in China, home of
the world’s largest music education market.
“Tonara’s mission is to redefine the way music is
taught, learned and practiced around the world by
bringing music education into the digital age. We are excited
by Baidu’s endorsement of Tonara’s vision and potential” said
Guy Bauman, CEO of Tonara. “The new funding
will enable us to scale and reach music students and teachers
globally. We’re thrilled to cooperate with Baidu in reaching
out to the Chinese audience.”
“Tonara has consistently pushed the
envelope when it comes to developing innovative and
revolutionary technology,” said Peter Fang of
Baidu. “Not only is there a huge global market for
Tonara’s music education platform, a large piece of which is
China, but we see many other possible applications for
Tonara’s technology. We are certain that
Tonara’s future will be extraordinary, and we’re proud to be a
part of it.”
“Music education hasn’t changed for hundreds of years.
We are delighted to support Tonara in its mission to
redefine the huge global market of music education by
creating a user-friendly music practicing experience on tablets
for students and teachers,” added Rina Shainski,
General Partner of Carmel Ventures.”
Tonara and Wolfie boast continuously expanding catalogues with
additional publisher partnerships to be
announced in coming months.